Li Auto to Deliver 30,000 Units of Cars in Q2 2023 and 300,000 Units in 2023

On February 27, Li Auto released its 2022 financial report. In addition to handing over a good report in 2022, Li Auto also gave delivery guidance for a new high in a single season.

The financial report shows that Li Auto achieveD revenue of 45.29 billion yuan in 2022, a year-on-year increase of 67.7%; 133,246 units of vehicles were delivered, a year-on-year increase of 47.2%. The gross profit margin returned to 20.2% in the fourth quarter of 2022, and the annual gross profit margin reached 19.4%. In the context of continuously increasing investment in research and development as well as capabilities, as of the end of the fourth quarter, Li Auto's cash reserves reached 58.45 billion yuan.

At the same time, Li Auto expects to deliver 52,000-55,000 units of vehicles in the first quarter of 2023, an increase of 64.0% to 73.4% year-on-year; total revenue is 17.45-18.45 billion yuan, an increase of 82.5%-93.0% year-on-year. Li Auto delivered a total of 15,141 units of new cars in January, a year-on-year increase of 23.4%. The delivery volume of cars in February and March may be around 20,000 units.